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{{Infobox company
{{Infobox company
| name = Grainger plc
| name = Grainger plc
| logo = Graingerlogo.png
| logo = Grainger logo.svg
| type = [[Public company|Public]] ({{lse|GRI}})
| type = [[Public company|Public]]
| traded_as = {{ubl|{{lse|GRI}}|[[FTSE 250 Index|FTSE 250]] component}}
| foundation = 1912
| foundation = 1912
| location = [[Newcastle upon Tyne]], [[United Kingdom|UK]]
| location = [[Newcastle upon Tyne]], [[United Kingdom|UK]]
| key_people = Robin Broadhurst, [[Chair (official)|Chairman]] <br> [[Andrew Cunningham (CEO)|Andrew Cunningham]], [[CEO]] <br> Mark Greenwood, [[Finance Director]] <br> Nick Jopling, Executive Director for Property
| key_people = Mark Clare, ([[chairman]])<br>[[Helen Gordon (CEO)|Helen Gordon]], ([[CEO]])
| industry = [[Property]]
| industry = [[Property]]
| products =
| products = [[Private rented sector]]
[[Build-to-rent]]
⚫
| revenue = [[Pound sterling|£]]244.1 million (2015)<ref name=prelims>{{cite web|url=http://www.graingerplc.co.uk/~/media/Files/G/Grainger-Plc/019007_Grainger_AR2015_Proof_10_web.pdf|title=Annual Report 2015|publisher=Grainger plc|accessdate=9 April 2016}}</ref>
[[Regulated tenancies]]
⚫
| operating_income = [[Pound sterling|£]]96.7 million (2015)<ref name=prelims/>
⚫
| revenue ={{decrease}} [[Pound sterling|£]]267.1 million (2023)<ref name=results>{{cite web|url=https://corporate.graingerplc.co.uk/sites/graingerplc-corp/files/2023-11/grainger-ara23-23-11-21.pdf|title=Annual Report 2023|publisher=Grainger plc|access-date=12 February 2024}}</ref>
⚫
| net_income = [[Pound sterling|£]]42.7 million (2015)<ref name=prelims/>
⚫
| operating_income ={{increase}} [[Pound sterling|£]]128.4 million (2023)<ref name=results/>
⚫
| net_income ={{decrease}} [[Pound sterling|£]]25.6 million (2023)<ref name=results/>
| num_employees =
| num_employees =
| parent =
| parent =
| subsid =
| subsid = Grainger Residential Management Limited <br> Bridgewater Equity Release
| homepage = [http://www.graingerplc.co.uk www.graingerplc.co.uk]
| homepage = [http://www.graingerplc.co.uk www.graingerplc.co.uk]
| caption =
| caption =
| footnotes =
| footnotes =
}}
}}


'''Grainger plc''' ({{lse|GRI}}) is a [[United Kingdom|British]]-based residential property business. It is headquartered in [[Newcastle upon Tyne]] and is a constituent of the [[FTSE 250 Index]].
'''Grainger plc''' is a [[United Kingdom|British]]-based residential property business. It is headquartered in [[Newcastle upon Tyne]] and is a constituent of the [[FTSE 250 Index]].


==History==
==History==
The business was established by the Dickinson family in 1912 as the ''Grainger Trust'' to acquire tenanted residential properties in [[Newcastle upon Tyne]]. In the 1970s and 1980s it acquired large residential estates from [[British Coal]], [[British Rail]] and [[Reckitt Benckiser|Reckitt & Coleman]]. It was first listed on the [[London Stock Exchange]] in 1983. In 1989 it acquired ''Channel Hotels & Properties'' and in 2003 it acquired ''Bradford Property Trust''.<ref>{{cite web|url=http://connection.ebscohost.com/c/articles/11495406/grainger-take-full-control-bpt|title=Grainger to take full control of BPT|publisher=|accessdate=9 April 2016}}</ref>
The business was established by the Dickinson family in 1912 as the ''Grainger Trust'' to acquire tenanted residential properties in [[Newcastle upon Tyne]]. In the 1970s and 1980s it acquired large residential estates from [[British Coal]], [[British Rail]] and [[Reckitt Benckiser|Reckitt & Coleman]]. It was first listed on the [[London Stock Exchange]] in 1983. In 1989 it acquired ''Channel Hotels & Properties'' and in 2003 it acquired ''Bradford Property Trust''.<ref>{{cite web|url=http://connection.ebscohost.com/c/articles/11495406/grainger-take-full-control-bpt|archive-url=https://web.archive.org/web/20160419034651/http://connection.ebscohost.com/c/articles/11495406/grainger-take-full-control-bpt|url-status=dead|archive-date=19 April 2016|title=Grainger to take full control of BPT|access-date=9 April 2016}}</ref>


From 1987 to 2002, [[Quentin Wallop, 10th Earl of Portsmouth]], was a non-executive director,<ref>{{cite web|url=http://citywire.co.uk/money/earl-of-portsmouth-cashes-in-at-grainger/a234982|title=Earl of Portsmouth cashes in at Grainger|date=26 February 2002|work=Citywire Money}}</ref> and as of 1999 he owned 16.55% of the equity, making him the firm's largest shareholder of the company.<ref>{{cite news |last1=Dodd |first1=Vikram |last2=White |first2=Michael |title=Earl of Portsmouth Mystery peer with the money |url=https://www.theguardian.com/uk/1999/dec/23/hamiltonvalfayed.michaelwhite |access-date=22 October 2019 |work=[[The Guardian]] |date=23 December 1999}}</ref>
⚫
In 2006 it entered into a joint venture with Development Securities to develop Curzon Park in [[Birmingham]].<ref>''[http://www.hemscott.com/news/latest-news/item.do?newsId=37628208543155 Grainger, Development Securities buy Birmingham site for 33.5 mln stg]'' - Hemscott</ref> In 2007 it changed its name to ''Grainger plc''. In 2008 a consortium of [[Helical Bar]] and Grainger was named as the preferred developer for the King Street regeneration scheme in [[Hammersmith]].<ref>[http://www.lbhf.gov.uk/Directory/News_and_Media/Press_office/Press_releases/97305_King_Street_regeneration_Breathing_life_into_Hammersmith.asp King Street Regeneration breathing life into Hammersmith]</ref> In 2010, Grainger acquired AIM-listed Sovereign Reversions, an [[equity release]] provider, and subsequently formed a 50:50 joint venture with Moorfield, a UK real estate investor, developer and private equity fund manager.<ref>{{cite web|url=http://www.nebusiness.co.uk/business-news/latest-business-news/2010/08/23/grainger-forms-joint-venture-51140-27117698/|title=Grainger Homes forms joint venture|author=journallive Administrator|date=23 August 2010|work=journallive|accessdate=28 March 2015}}</ref>


⚫
In 2006 Grainger entered into a joint venture with Development Securities to develop Curzon Park in [[Birmingham]].<ref>''[http://www.hemscott.com/news/latest-news/item.do?newsId=37628208543155 Grainger, Development Securities buy Birmingham site for 33.5 mln stg]'' - Hemscott</ref> In 2007 it changed its name to ''Grainger plc''. In 2008 a consortium of [[Helical Bar]] and Grainger was named as the preferred developer for the King Street regeneration scheme in [[Hammersmith]].<ref>{{cite web |url=http://www.lbhf.gov.uk/Directory/News_and_Media/Press_office/Press_releases/97305_King_Street_regeneration_Breathing_life_into_Hammersmith.asp |title=King Street Regeneration breathing life into Hammersmith |publisher=London Borough of Hammersmith and Fulham |access-date=2008-06-01 |archive-url=https://web.archive.org/web/20080516200237/http://www.lbhf.gov.uk/Directory/News_and_Media/Press_office/Press_releases/97305_King_Street_regeneration_Breathing_life_into_Hammersmith.asp |archive-date=2008-05-16 |url-status=dead }}</ref> In 2010, Grainger acquired AIM-listed Sovereign Reversions, an [[equity release]] provider, and subsequently formed a 50:50 joint venture with Moorfield, a UK [[real estate investor]], developer and [[private equity fund]] manager.<ref>{{cite web|url=http://www.nebusiness.co.uk/business-news/latest-business-news/2010/08/23/grainger-forms-joint-venture-51140-27117698/|title=Grainger Homes forms joint venture|author=journallive Administrator|date=23 August 2010|work=journallive|access-date=28 March 2015}}</ref>
⚫
In 2011 the company entered into a development agreement with the [[Defence Infrastructure Organisation]] to create the Wellesley Development, which incorporates the [[Cambridge Military Hospital]] at [[Aldershot]] and which will generate 3,850 homes.<ref>{{cite web|url=http://www.gethampshire.co.uk/news/property-news/wellesley-garrison-site-homes-going-9519088|title=Wellesley garrison site homes going on sale in Aldershot|date=24 June 2015|publisher=Get Hampshire|accessdate=17 April 2017}}</ref>

⚫
In 2011 the company entered into a development agreement with the [[Defence Infrastructure Organisation]] to create the Wellesley Development, which incorporates the [[Cambridge Military Hospital]] at [[Aldershot]] and which will generate 3,850 homes.<ref>{{cite web|url=http://www.gethampshire.co.uk/news/property-news/wellesley-garrison-site-homes-going-9519088|title=Wellesley garrison site homes going on sale in Aldershot|date=24 June 2015|publisher=Get Hampshire|access-date=17 April 2017}}</ref> In 2019, Grainger was announced as the [[build-to-rent]] partner of [[Transport for London|Transport for London (TfL)]], which will build new homes on land in TfL's ownership, potentially delivering in excess of 3,000 homes across [[London]].<ref>{{Cite web|date=1 April 2019|title=TfL appoints preferred Build to Rent Partner|url=https://tfl.gov.uk/info-for/media/press-releases/2019/april/tfl-appoints-preferred-build-to-rent-partner|access-date=2020-10-09|website=[[Transport for London]]|language=en-GB}}</ref>


==Operations==
==Operations==
[[File:Grainger offices on Queen's Road, Aldershot.jpg|thumb|The Smith Dorrien Building in [[Aldershot]], built in 1908 as an entertainment facility for soldiers and which Grainger now uses as offices for the Wellesley project, a major residential development]]
[[File:Grainger offices on Queen's Road, Aldershot.jpg|thumb|[[Smith-Dorrien House]] in [[Aldershot]], built in 1908 as an entertainment centre for soldiers and which Grainger now uses as offices for the Wellesley project, a major residential development by Grainger plc]]
⚫
As at 30 September 2023 its investment portfolio was valued at £2.9 billion and its development and trading portfolio was valued at £0.4 billion.<ref name=results/>
The Company is organised as follows:
* [[United Kingdom|UK]] - 14,000 properties
* [[Germany]] - 7,000 properties
* Fund management
* Property management
* Development
* Retirement Solutions, including Bridgewater Equity Release, a leading equity release provider

⚫
As at 30 September 2015 its investment portfolio was valued at £358 million and its development and trading portfolio was valued at £1,152 million.<ref name=prelims/>


==References==
==References==
Line 44: Line 41:


==External links==
==External links==
* [http://www.graingerplc.co.uk Official site]
*[http://www.graingerplc.co.uk Official website]
* [http://www.graingercr.com Grainger CR Report]
*[http://www.graingercr.com Grainger CR Report]


{{Real estate in the United Kingdom}}
{{Real estate in the United Kingdom}}
{{FTSE 250 Index constituents}}
{{FTSE 250 Index constituents}}

{{Authority control}}


[[Category:Companies based in Newcastle upon Tyne]]
[[Category:Companies based in Newcastle upon Tyne]]
[[Category:Companies established in 1912]]
[[Category:Real estate companies established in 1912]]
[[Category:Property companies of the United Kingdom]]
[[Category:Property companies of the United Kingdom]]
[[Category:Companies listed on the London Stock Exchange]]
[[Category:Companies listed on the London Stock Exchange]]

Latest revision as of 00:34, 13 February 2024

Grainger plc
Company typePublic
IndustryProperty
Founded1912
HeadquartersNewcastle upon Tyne, UK
Key people
Mark Clare, (chairman)
Helen Gordon, (CEO)
ProductsPrivate rented sector

Build-to-rent

Regulated tenancies
RevenueDecrease £267.1 million (2023)[1]
Increase £128.4 million (2023)[1]
Decrease £25.6 million (2023)[1]
Websitewww.graingerplc.co.uk

Grainger plc is a British-based residential property business. It is headquartered in Newcastle upon Tyne and is a constituent of the FTSE 250 Index.

History[edit]

The business was established by the Dickinson family in 1912 as the Grainger Trust to acquire tenanted residential properties in Newcastle upon Tyne. In the 1970s and 1980s it acquired large residential estates from British Coal, British Rail and Reckitt & Coleman. It was first listed on the London Stock Exchange in 1983. In 1989 it acquired Channel Hotels & Properties and in 2003 it acquired Bradford Property Trust.[2]

From 1987 to 2002, Quentin Wallop, 10th Earl of Portsmouth, was a non-executive director,[3] and as of 1999 he owned 16.55% of the equity, making him the firm's largest shareholder of the company.[4]

In 2006 Grainger entered into a joint venture with Development Securities to develop Curzon Park in Birmingham.[5] In 2007 it changed its name to Grainger plc. In 2008 a consortium of Helical Bar and Grainger was named as the preferred developer for the King Street regeneration scheme in Hammersmith.[6] In 2010, Grainger acquired AIM-listed Sovereign Reversions, an equity release provider, and subsequently formed a 50:50 joint venture with Moorfield, a UK real estate investor, developer and private equity fund manager.[7]

In 2011 the company entered into a development agreement with the Defence Infrastructure Organisation to create the Wellesley Development, which incorporates the Cambridge Military Hospital at Aldershot and which will generate 3,850 homes.[8] In 2019, Grainger was announced as the build-to-rent partner of Transport for London (TfL), which will build new homes on land in TfL's ownership, potentially delivering in excess of 3,000 homes across London.[9]

Operations[edit]

Smith-Dorrien House in Aldershot, built in 1908 as an entertainment centre for soldiers and which Grainger now uses as offices for the Wellesley project, a major residential development by Grainger plc

As at 30 September 2023 its investment portfolio was valued at £2.9 billion and its development and trading portfolio was valued at £0.4 billion.[1]

References[edit]

  1. ^ a b c d "Annual Report 2023" (PDF). Grainger plc. Retrieved 12 February 2024.
  2. ^ "Grainger to take full control of BPT". Archived from the original on 19 April 2016. Retrieved 9 April 2016.
  3. ^ "Earl of Portsmouth cashes in at Grainger". Citywire Money. 26 February 2002.
  4. ^ Dodd, Vikram; White, Michael (23 December 1999). "Earl of Portsmouth Mystery peer with the money". The Guardian. Retrieved 22 October 2019.
  5. ^ Grainger, Development Securities buy Birmingham site for 33.5 mln stg - Hemscott
  6. ^ "King Street Regeneration breathing life into Hammersmith". London Borough of Hammersmith and Fulham. Archived from the original on 2008-05-16. Retrieved 2008-06-01.
  7. ^ journallive Administrator (23 August 2010). "Grainger Homes forms joint venture". journallive. Retrieved 28 March 2015.
  8. ^ "Wellesley garrison site homes going on sale in Aldershot". Get Hampshire. 24 June 2015. Retrieved 17 April 2017.
  9. ^ "TfL appoints preferred Build to Rent Partner". Transport for London. 1 April 2019. Retrieved 2020-10-09.

External links[edit]

Retrieved from "https://en.wikipedia.org/w/index.php?title=Grainger_plc&oldid=1206738743"